The Conservatives say a Tory Government would give local residents powers to protect community assets from closure and allow them to take over the running of public buildings.
Under the Conservative proposals:
* Community groups, such as schools, churches or voluntary groups, will be able to bid to take over the running of publicly owned community assets, if they can manage the facility more efficiently and effectively than the state.
* When a state-owned community asset faces closure or being sold, voluntary groups will have a right of first refusal to bid and buy that asset for a fair price and maintain it for community use.
* The rights to community ownership will extend across assets owned by central government and quangos, not just town halls.
* The ‘Community Right to Buy’ will also allow community group first refusal to take over and run commercially-owned community assets that are closing
Source: LGC